Central Asia Metals PLC improves copper output at Kounrad

Central Asia Metals is on course to produce between 13,000 and 14,000 tonnes of copper this year from the Kounrad copper project

Copper production at Kounrad

Central Asia Metals PLC (LON:CAML) produced 3,207 tonnes of copper from its Kounrad copper project in Kazakhstan during the first quarter of 2016, up a chunky 36.5% on the 2,305 tonnes produced in the corresponding period in 2015.

In turn, the company sold 2,550 tonnes during the period, up 14% on the 2,233 tonnes produced in the corresponding period of 2015.

The increase in production comes in the wake of the first phase of a planned expansion programme to the plant at Kounrad, which Central Asia delivered on time and on budget during 2015.

Groundwork for the second phase of the expansion got underway in March, with first production from the Western Dumps at Kounrad expected in the first half of next year.

The company now expects to deliver between 13,000 and 14,000 of copper this year, depending on “seasonal variations.”

Winter can be quite harsh in Kazakhstan and can often hamper the operating efficiencies of mining companies. Historically though, Central Asia Metals has coped well with the Kazakh winter.

The strong production numbers in the most recent quarter were also helped along by unusually mild temperatures for the time of year.

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CAML is a copper producer with SX-EW operations at Kounrad, Kazakhstan and is a zinc and lead producer at the Sasa mine in Macedonia. The Company listed in 2010 and began producing copper in 2012. Kounrad has since produced over 65,000 tonnes of cathode and...

CAML is a copper producer with SX-EW operations at Kounrad, Kazakhstan and is a zinc and lead producer at the Sasa mine in Macedonia. The Company listed in 2010 and began producing copper in 2012. Kounrad has since produced over 65,000 tonnes of cathode and generated cash of $200m. CAML has now distributed $105m in dividends and share buy backs as well as paying $90m in Kazakh taxes and supporting the local community. The Company recently announced its acquisition of Lynx Resources, owner of the Sasa zinc-lead mine. The acquisition has provided operational, commodity and geographical diversification, while increasing CAML's low cost base metals production by 150% in copper equivalent terms.

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